This is how the stock exchanges began. The New York Stock Exchange allows investors to make their buy and sell transactions in the one place. Another area where the secondary market is utilised would be where mortgages are sold by banks to investors of the likes of Freddie Mac and Fannie Mae. The major stock exchanges are the most well-known example of the secondary market. The likes of the New York Stock Exchange or the ISEQ offer a central market for investors who own stocks to trade on the exchanges their stocks are listed.
ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks. ING Bank was included in a list of global systemically important banks in 2012. According to the "Fortune Global 500" in 2012, ING was the world 's largest banking/financial services and insurance conglomerate by revenue with gross receipts exceeding $150 billion per annum; overall, it was the 18th largest corporation by revenue. As of 2013, ING served over 48 million individual and institutional clients in more than 40 countries, with a worldwide workforce exceeding 75,000. The company is a component of the Euro Stoxx 50 stock market index.
In General sense, "Development banks are those financial institutions whose prime goal (motive) is to finance the primary (basic) needs of the society. Such funding results in the growth and development of social and economic sectors of the nation. However, needs of the society vary from region to region due to differences seen in its communal structure, economy and other aspects." 2. As per Banking subject (mainly in Indian context), "Development banks are financial institutions established to lend (loan) finance (money) on subsidized interest rate.
Axis Bank Limited is the third largest private sector bank in India. Axis Bank 's stake holders include prominent national and international entities. As of 31 Dec. 2013, approximately 43% of the shares are owned by Foreign Institutional Investors. IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products
REVIEW OF RESEARCH PAPER SBI vs ICICI BANK SBI stands for State Bank of India. It is a public sector institution (government owned), with a huge customer base all over India. It has seven associate banks operating under its SBI name. It has over thirteen thousand branches across India and in some selected international countries and a 56,000 ATM network across India. The Standard Bank of India „inherited‟ the Bank of Calcutta, which was founded in 1806, and has been in existence for over two hundred years.
Its head quarter is in Mumbai, Maharashtra. As of March 2016, the bank had a network of 4196 branches and more than 6909 ATMS spread across India. It is listed on the Forbes 2000 apart from this a bank is providing various other services like business segments include Treasury Operations, Wholesale Banking and Retail Banking Operations,. This Bank has offer several types of deposits for the customers such as savings deposits, current deposits, current and savings accounts (CASA) deposits, and recurring deposits. On the other hand banks advances and loan portfolio includes large corporate advances; small scale and medium enterprises advances; agriculture advances, Industries development and retail advances.
Private sector banks are those banks whose greater part of the stake or equity is not held by the government as in the case of public sector banks, but are held by the private shareholders. After the nationalization of all the major banks in 1969 by Indian government, Indian banking sector was dominated by public sector banks. But after the liberalization policy of the government in 1990s, Indian banking sector witnessed the emergence of old private sector banks and the new private sector banks. These banks have grown very fast over the last few decades using latest technologies, tools and techniques. The financial regulators of India have divided the private sector banks into two groups, old and new private sector banks.
It is a critical and efficient means to channel and mobilize funds to enterprises, and provide an effective source of investment in the economy. Fourth, capital market smoothens and quickens the procedure of economic development. The correct allotment of assets results in the expansion of trade and industry in both public and private sectors, consequently advancing economic growth in the nation. Fifth, The capital market tends to balance the values of stocks and securities and decrease the variances in the costs to the base. The procedure of stabilisation is encouraged by giving cash flow to the borrowers at a lower premium rate.
They provide loans and advances services to clients, helping in investing activities of customers by advices and act as hire purchaser to its customers. The main problems faced in the growth of NBFCs are the comprehensive regulation in the banking sector and comparatively less regulations in the working of Non-banking financial companies. The growth criteria of both, that is commercial banks and NBFCs are positively related by the regulations made by Reserve bank of India. – The Indian Economic Journal, Volume 49,
They finance small borrowers in industrial and trade sectors besides professional and salary classes. Regulated by the Reserve Bank of India, they are governed by the Banking Regulations Act 1949 and banking laws (co-operative societies) act, 1965. The co-operative banking structure in India is divided into following 5 categories: Primary Co-operative Credit Society The primary co-operative credit society is an association of borrowers and non-borrowers residing in a particular locality. The funds of the society are derived from the share capital and deposits of members and loans from central co-operative banks. The borrowing powers of the members as well as of the society are fixed.